INZIDERX - DECENTRALIZED EXCHANGE 2018

munarpasse (33)in #inziderx • 6 years ago

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What This INZIDERX!
InziderX is a decentralized spot leverage OTC market where you can exchange the top 20 digital assets privately and without verification. Transactions are done in between anonyms insiders, wallet to wallet using Atomic Swap. Liquidity is provided by a relay system based on the Lightning Network technology. User friendly, the InziderX terminal is devoted to actives and algorithms traders looking for leverage and quality execution. Our platform will provide the tools to help them fully deploy their strategies with complex order types, Pro-trading chart package and advances API commands.
The Reasons
The reasons the InziderX team is developing a decentralized exchange may be obvious to many, but not all. Initially, decentralized exchanges have the advantage of being protected against huge hacks as we have seen since 2014 — more than $ 1.2 billion all together. Moreover, a true peer-to-peer system has the advantage of being anonym. There is no server so it can not be closed. There is no verification or restriction to transfer funds because it is initially a simple wallet. These two factors are the main advantages of decentralized exchanges: security and anonymity.
There are some good examples of decentralized exchanges and the first question that comes to mind is why another one? Liquidity is an easy answer. As detailed in our whitepaper, a $ 200 spread on BTC / USD and a slippage of a 2% on entry is simply unacceptable for an active trader. Filled with “ERC20 token created in 5 minutes” some exchange really don’t help by diluting an already thin volume.
Relying on someone else’s blockchain also have some risk when we look past hard fork. The centralization of the master nodes called witnesses is another factor of consideration. There is currently no good decentralized trading option for active traders.
Even in centralized exchanges, where we can find liquidity, there are so many missing tools! All users of the trading platform on the Forex market will ask the same questions: why there is no complex order type (Entry + SL + TP) and why orders are aggregated at an average price?!
Even more when we talk about algorithm trading, it can not be covered in a short article.
InziderX Exchange seeks to fill these current gaps: security, liquidity, Forex Pro-Trading tools and API Algorithm.
The Concepts
There are many concepts of “decentralized” exchange and all have advantages and disadvantages: some use limited master nodes or proof-of-stake instead of proof of work. The main advantage of these two approaches is scaling. The disadvantages are the centralization of the consensual process and the supply necessary to secure the system. Is there common ground ?! As often, this seems to be the answer. But the juggling with master nodes, spread across several countries, still shows the weakness of this type of approach.
And some will say that only a proof-of-work system can secure a $ 800 billion market. It’s a strong affirmation worth consideration! In addition, not everyone wants to transfer their funds into the exchange. “Another wallet and a private key ?!”
The InziderX trading concept is based on wallets. The point here is to have wallets communicate between blockchain — interoperability. Most wallets are a modified version of Bitcoin Core wallet, a C ++ program. They mainly use request to trigger commands such as sending funds and securing transactions. By making these wallets communicating via a hub that links them with a P2P system, it is possible to create a fully distributed exchange without centralization. Atomic swap securing transactions with multisigned addresses and the timelock / hash system. This is the only way to achieve interoperability and avoid some sort of centralization. Initially, InziderX will create a multi-currency wallet that will hold the assets traded on its exchange.
In a second step, it will allow the direct connection of the external wallets with complete or light node (ie: electrum). In this way, the multi-currency wallet will be convenient, but the standalone wallet will still be available if preferred. This would also allow the use of physical wallets like Trezor, Leger Nano S or simply online wallet like Metamask.
Scaling is still a problem for the POW system. The 10-minutes confirmations are not well suited to active trading. Part of the process that does not involve a final settlement doesn’t need be on-chain and this is where the POS is a useful tool.
The Lightning Network is actually a kind of proof-of-stake system. The owner of the transactional channel must have the same asset value that he intends to transfer via his channel as security for the users. The combination of these two technologies at different levels of importance in the transaction process is the path that InziderX Exchange intends to take.
The Vision
The vision of InziderX Exchange is about community. The community is the KEY. This is why the independence of any external entity is avoided — no server, no master node for the final settlement, no dolly blockchain. It is about empowering the community by giving them a tool that is independent of any outside influence. This model also has its advantages. Fully developed, it will allow the integration of any participant by shared protocols. Markets and technologies tend to consolidate around some ingenious ideas. BIP, BOLT and other acronym.
InziderX Exchange seeks to create a single market where participants can build a liquidity relay. A world of markets, the world market.
Conclusion
What about autarky? At all stages of the development of the exchange, autarky is a respected principle. The reasons for this exchange is to release (!) hostages users of centralized exchange. The concepts of our exchange, its technology also value the full independence of users. The vision of InziderX Exchange, the creation of an agora where everyone can join and who does not depend on any external entity, gives power to users and communities.
For a watchful eye of today’s digital asset markets, it is clear that centralized exchanges, as long as they has been an useful option, are now somewhat the problem. InziderX Exchange is the solution.
DECENTRALIZED EXCHANGE
The technology of our exchange is wallet based - Dapp. It's secure by design. Since you own the seeds of your wallet and there's no honeypot to be hacked, you can be sure your funds are safe. All you need to start trading is to hold your asset into the multi-assets wallet.
LIGHTNING NETWORK
By including the liquidity of the larger centralizes exchanges and other big players through the Lightning Network, we get the best of both worlds. The security of decentralization and the liquidity of centralization. Thus creating a window on what will become tomorrow's future :
ADVANCE TRADING TOOLS
Our platform focus is on the active and algorithm trading. By giving access complexes orders types, Pro-trading chart package and advances API commands. We will provide the missing tools traders uses on the latest Forex terminals :
COMMUNITY TRADING
Community is the key and that's why InziderX will reward traders with numerous program. Whit a forum on a second blockchain for traders tips and personal analysis, the community will be able to learn itself the most advances ways of trading. Contest for the best traders, signal service program and voting changes for platform development. Become an inzider, join the community!
MARGIN & FUNDING TRADING
Users can borrow the desired amount of funding to enter a margin position. The funding of other users' orders provides a way to earn a return.
COMPLEXES ORDERS TYPES
Having a stop loss and a take profit order attaches to an entry allows you to set profit taking levels and limit risk in advance. You can now sit, watch and relax.
PRO TRADING CHART PACKAGE
Integrating latest Tradingview chart package with more than 50 drawing tools, 100 indicators and oscillators. Clear and precises charts for the best analysis.
ALGORITHM ENABLES API
Easy and efficient way to build automated trading strategies with all the commands to control your wallet and more. Possibilities are limitless.
HD WALLET INTEGRATION
Never expose your private key by keeping it safe under cold storage with the integration of HD wallet like Ledger Nano S or MetaMask.
MARKET MAKER PROGRAM
Lower trading fee and reward program for large volume traders will favor liquidity, tight spread and low slippage.
ACTIVE LEARNING COMMUNITY
Traders teaching others traders, exchange ideas, strategies, algorithms. Get rewarded for your contribution. Community is the key.
TRADER CONTEST
Show us your best strategies and algorithm, inscribe your wallet for entry signal recording. Get reward from the community for your contribution.
SIGNAL TRADING
Best traders from Trader Contest providing signals to other users and getting rewarded for it. Select your signals provider by his risk and time holding profile.
REWARD PROGRAM
Reward to the Market Maker, to the winners of Traders Contest, the signals providers and the ones that contribute the most to the community.
COMMUNITY VOTE
What are the next modifications we should see on our exchange, let us know by a voting program. Our developers are listening.
ENCRYPTED AND UNTRACEABLE MESSAGE
The wallet includes an anonymous and untraceable encrypted message system based on the blockchain. Groups can share real-time insights.
THE FUTURE
InziderX is the beginning of a new vision - True Decentralization.
Transactions are done P2P, wallet to wallet, without third-party control or influence. The atomic swap provides security and Lightning Network liquidity.
It’s impossible to take the exchange down, because there is no server. The data are truly decentralized across the distributed blockchain ledger so it cannot be stolen or corrupted.
No inscription, verification or restriction. Download our wallets and start trading. That simple.
The wallet is the exchange!
ROADMAP
November 2017
TECHNOLOGY STUDY - ONGOING
Several tests and study done on the latest technologies
March 2018
WHITEPAPER WRITING - COMPLETED
Establishing the vision of the InziderX Exchange
July to December 2018
INX SALE - ICO
Partnership for the future EcoSystem
December 2018
INZIDERX COMMUNITY FORUM
Forum activation & INC distribution
Febuary 2019
INX DISTRIBUTION
Wallet release and INX distribution
July 2019
FIRST INZIDERX EXCHANGE RELEASE
Basic characteristics
January 2020
COMMUNITY DEVELOPMENT
Reward, contest & signal programs
Febuary 2020
VOTING SYSTEM IMPLEMENTATION
Community takes control
Mars 2020
COMMUNITY SUGGESTION
Implementation
June 2020
INZIDERX EXCHANGE
All characteristics fully activated
July 2020
INZIDERX COMMUNITY
All characteristics fully activated
August 2020
LISTENING TO THE COMMUNITY
Ongoing
Margin, funding trading, short selling, FX position types, hedging.
A world of networks - a market of markets.